Canadian dollar equals US

The Canadian dollar hit parity against the greenback this morning after data showed U.S. payrolls surged in October and investors found the bright side of a soft Canadian jobs report.The Canadian dollar rose to exactly US$1, building on gains after the U.S. data was released.The currency hit a session low briefly after Canada’s economy added a mere 3,000 jobs in October, a fifth of what was expected. But it quickly pared losses as details of the report were more favorable, including a drop in the Canadian unemployment rate.